The energy market in Cyprus entered a new era on 1 October, with the start of the commercial operation of the Competitive Electricity Market (CEM), in which, at the initial stage, 17 participants have joined. This is essentially the first step towards healthy competition in the energy market, since through the operation of the CEM, it is […]

Tourism revenues recorded an annual increase of 17.4% in the period January-July 2025, according to CySTAT, estimated at €1,891.1 million compared to €1,610.4 million in the corresponding period in 2024. Based on the results of the Traveler Survey, tourism revenues in July 2025 alone amounted to €513 million, representing an increase of 8.2% compared to the […]

Cyprus has been ranked second in Europe for improving air connectivity, while also closing 2025 with another strong year for tourism, according to Deputy Minister of Tourism Kostas Koumis. Speaking during an event for World Tourism Day held on Monday night at the Larnaca Medieval Castle, Koumis said that a June 2025 report by the Aviation […]

A new study has found that renewable electricity has already delivered substantial economic benefits to Cyprus, saving the country hundreds of millions of euros and offering strong returns on investment. The research, authored by professor Theodoros Zachariadis of the Cyprus Institute, was prepared for the environmental organisation Terra Cypria as part of a project funded […]

Around 15,000 applications from third-country nationals seeking permits to acquire real estate in Cyprus have been submitted over the past five years, according to Interior Minister Constantinos Ioannou.  The minister provided the figures in parliament in response to a question by Disy MP, Nikos Georgiou. According to Philenews, most applications were filed in Paphos, which […]

Cypriots in the City, the UK’s largest and fastest growing network for Cypriot professionals, recently hosted its “Together in the City” event. The event, held on September 24, was co-organised with the Greeks in the City Association at the High Commission of the Republic of Cyprus in London. The evening began with welcome remarks from […]

Tourism windfall lifts Cyprus economy with UK and Israel leading the way Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked an increase from the €474m recorded during the same month in 2025. For the period from January […]

Cyprus’ tourist accommodation sector continued to rely heavily on foreign visitors in the first half of 2025, according to Eurostat data published on Thursday. The figures were released to mark World Tourism Day, which will be celebrated on September 27. Across the European Union, overnight stays in tourist accommodation reached 1.279 billion between January and June, […]

This month is shaping up to be the strongest September for tourist arrivals in Cyprus in recent memory, according to Victor Mantovani, honorary president of the Association of Cyprus Travel Agents. Speaking to Cypriot daily Politis, Mantovani said this was the first time since he joined the association in 1983 that he had seen such high volumes of arrivals […]

More than 75 projects for the Paphos district, with a total budget exceeding €230 million were outlined on Tuesday evening by President Nikos Christodoulides, who was addressing local authorities from the district. The visit continues a similar initiative launched in December 2024 aimed at strengthening direct contact between the government and local communities. The Paphos projects cover […]

Cyprus is heading towards a new record in tourism revenues, a fact that demonstrates the great potential, and also the resilience of the sector, which despite the challenges, continues to contribute significantly to the Cypriot economy. According to the results of the traveler survey published by cySTAT, tourism revenues in June 2025 amounted to €422.3 million, […]

Cyprus’ new push to bring home skilled professionals living abroad is already showing strong results. Within just two weeks of launching, the “Minds in Cyprus” platform drew more than 300 registrations from Cypriots working in 23 different countries. Most interest so far has come from the United Kingdom, where the government held a promotional event […]

Patsalides calls for broader cooperation with Eurosystem partners Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stressed the importance of Cyprus’ active role within the Eurosystem, highlighting both the responsibilities and opportunities stemming from participation in Europe’s financial architecture. In an article published by Philenews, Patsalides reflected on the symbolism of Frankfurt’s Iron Bridge, which […]

EIB backs new charging network The registration of hybrid and electric vehicles in Cyprus experienced a robust rise in the first eight months of 2025, according to a report released on Monday by the state statistical service. The report showed that the share of electric cars increased to 4.8 per cent in January-August 2025, up […]

Cyprus is on track to surpass last year’s record tourism revenues and arrivals, after posting the strongest growth among its Euro-Mediterranean peers in the first half of 2025, as mentioned in Philenews.  The statistical service said tourism revenues rose by 21.3 per cent year-on-year in the first six months, reaching €1.38 billion compared with €1.14 […]

Cyprus recorded significant growth in tourism revenue during the first half of 2025, reaching €1.378 billion compared to €1.136 billion in the same period of 2024, representing an annual increase of 21.3%, according to Statistical Service data. June 2025 records €422.3 million with 9.6% monthly increase June 2025 alone generated €422.3 million in tourism revenue, marking a […]